Crypto exchange EDX shifts custodial partnership from Paxos to Anchorage
EDX, a crypto exchange backed by prominent financial institutions like Charles Schwab, Fidelity, and Citadel Securities, has reportedly severed its planned partner ship with Paxos and is now close to finalizing an agreement with Anchorage Digital. Last year, EDX had originally announced its collaboration with Paxos, a well-known blockchain firm headquartered in New York, renowned for issuing the Binance stablecoin BUSD. Under the proposed arrangement, Paxos would have acted as the custodian for the digital assets of EDX’s clients while also providing direct access to Paxos customers. However, according to Bloomberg sources, EDX has abandoned this plan in favor of a different custodial solution. You might also like: BCH gains 112% following EDX Markets listing Anchorage Digital, a San Francisco-based cryptocurrency custodian, is now the frontrunner to fill the role that Paxos once occupied. Anchorage Digital holds a bank charter from the Office of the Comptroller (OCC...